Dana Sanchez, 10:37 am
Ethiopian Olympic protester Feyisa Lilesa says he can relate to U.S. athlete Colin Kaepernick, who faces backlash in the U.S. for his own peaceful protest in support of the Black Lives Matter movement. Kaepernick is the son of farmers, Lilesa said, like most Oromo. “We are not violent,” he said. “My people are a peace-loving people.” Lisela’s Olympic protest came at great consequence, as most effective protests often do. Instantly, Lilesa said, Ethiopian Olympic team officials knew they had to distance themselves from him.
Staff, 9:07 am
America’s Overseas Private Investment Corporation (OPIC), which mobilizes private capital and invests in development projects to advance U.S. foreign policy, is set to open an office in Nairobi, raising the Kenyan capital’s profile as a key hub for investors seeking big-ticket infrastructure deals. OPIC has opened two other offices in Africa during President Barack Obama’s administration — in Abidjan, Coted’Ivoire and Johanesburg, South Africa.
Staff, 12:01 am
The Russian media writes very little about Africa. African political leaders and corporate business directors have to depend on Western media reports about developments in Russia. Assurances by Russian officials that Africa is in the mainstream of Russia’s foreign policy have not been substantiated, and the development of Africa-Russia relations has so far been nothing to boast about. Only a few of Russia’s initiatives aimed at reviving economic cooperation have been made public.
Dana Sanchez, 12:01 am
The U.S. will vote for a new president on Nov. 9, and the Pan-African Business Forum has endorsed Hillary Clinton. A private sector-driven organization, the forum is chaired by African billionaire Ladislas Agbesi. Agbesi founded the African News Agency — the continent’s first syndicated news service — along with Iqbal Survé, chairman of Sekunjalo Investments. “We have confidence in the traits of Hillary Clinton,” Agbesi said at a press conference Saturday in Johannesburg. “We are better together.”
Staff, 6:38 am
Gabon’s Constitutional Court on Friday (Sept. 23) upheld the re-election of incumbent president Ali Bongo, extending his family’s five-decade rule over the oil-rich, small Central African nation. Bongo was announced as the winner of the country’s general elections, which were held late last month. He won the vote by a slim margin of 6,000 votes ahead of his closest rival, Jean Ping.
Staff, 3:13 am
African private equity is having its moment in the sun, with pension funds on the continent ready to invest in their own backyard as investment banks continue to retreat from lending and domestic strategies mature. Sources cited East Africa as “hot.” Countries such as Tanzania, Kenya, Ethiopia and Rwanda were mentioned as offering emerging opportunities in private equity, while Nigeria
Staff, 12:58 am
The time is 6:02AM, the year 2026, the location Lagos Financial City. Fatima Abouzeid flails at her digital personal assistant to silence the alarm, which in return flashes her a miffed/not-miffed emoji and starts to warble the main news headlines of the day. “Markets in Shanghai closed up today on news that the Chinese bullet train manufacturer Fujian Corp won the contract to connect Casablanca to Abidjan…
Kevin Mwanza, 8:17 am
Uganda will build East Africa’s first ever gold refinery by the end of this year after Africa Gold Refinery Limited (AGRL), a local mining company, announced plans to set up the plant in Entebbe, south of the capital Kampala. The refinery will cost $20 million to build and will have a production capacity of one ton of pure gold per month. It will be supported by Tony Goetz & Sons N.V., a Belgium investor.
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